Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,986 shares of the apparel retailer’s stock after selling 10,108 shares during the period. Rafferty Asset Management LLC’s holdings in Lululemon Athletica were worth $17,203,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after acquiring an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after acquiring an additional 10,461 shares during the last quarter. Capital World Investors boosted its stake in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. Oppenheimer raised their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group decreased their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Needham & Company LLC decreased their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Morgan Stanley cut their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, BMO Capital Markets cut their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $368.72.

Lululemon Athletica Stock Up 1.0%

Shares of NASDAQ LULU opened at $318.96 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business has a 50 day moving average price of $285.98 and a two-hundred day moving average price of $337.48. The firm has a market cap of $38.48 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the firm earned $5.29 EPS. Lululemon Athletica’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.